The most expensive home sales of 2017 — and those set to break records in 2018

first_imgStefanie Brown at the historic Cintra House which she is selling. Picture: Peter Wallis.The second highest sale in Queensland in 2017, according to property data firm CoreLogic, was on the Gold Coast, where a palatial Hope Island mansion changed hands for $16.75 million.A Vietnamese businessman bought the waterfront residence at 2620-2622 Virginia Drive after just five days on the market. The view from 1 Leopard St, Kangaroo Point, which set a new home sale record for Brisbane in 2018.Ray White New Farm principal Matt Lancashire, who brokered the landmark sale, along with four of the top five house sales of 2017, is optimistic a new record could be set this year.“There are a number of property owners I’m talking to that may, or may not, potentially do something this year (that would see a new record set),” Mr Lancashire said.“There are not too many properties in Brisbane that have the capacity to do that, however, there are some amazing homes.“It’s just whether the ducks line up for the sellers.”Mr Lancashire said he was aware of at least two properties that could fetch more than 1 Leopard Street.“Brisbane is undervalued compared to the southern states,” he said.“I think $20 million is the next Brisbane barrier — that’s definitely an achievable target.” THE COST OF RENOVATING REVEALED Ray White New Farm principal Matt Lancashire (L), with Hamish Bowman, negotiated four of the top five house sales in 2017, including the house behind them at 24 Palm Ave, Ascot. Picture: Lyndon Mechielsen.CoreLogic senior research analyst Cameron Kusher said there was potential for Brisbane homes to fetch even higher prices in 2018, with a fresh wave of interstate migration likely to drive prices higher.“Migration to Queensland is picking up from New South Wales and Victoria where people are accustomed to much higher prices,” Mr Kusher said.“I wouldn’t be surprised to see higher priced sales this year than we saw last year just because although the market’s not really hot, you are seeing some growth and people are moving here from areas where it’s a lot more expensive.”Macquarie Bank expects about 130,000 people to move from Sydney to Brisbane in the next three years, bringing with them an estimated $8.1 billion. DIYERS COMING UNSTUCK But Mr Kusher admitted it would be a hard task to eclipse the record set by 1 Leopard Street. The opulent residence spanning three levels features five bedrooms, six bathrooms, an internal lift, a gym, a sound proof cinema, a wine cellar and marble flooring imported from Greece.A heated infinity lap pool and spa span the width of the property on the cliff’s edge, offering almost 72 metres of uninterrupted views of the Brisbane River and city skyline.“That’s a pretty unique property,” he said.“Not too many properties have a view like that.“But it’s not unrealistic to see a $10 million sale this year.“What you can get for $10 million in Brisbane, you’d probably pay $30 million for in Sydney.” 1 Leopard St Kangaroo Point has sold for $18MBRISBANE’S housing market could smash through the $20 million price ceiling in 2018 on the back of a record-breaking year that heralded a new era for the city’s property sector.With an exodus of Sydney and Melbourne homeowners predicted to sell up and move to the Sunshine State this year, agents say the only way is up for prestige property prices.The top sale of 2017 in Queensland was a clifftop Kangaroo Point home, which sold for a whopping $18.48 million — easily eclipsing the prior $14 million record set in late 2014 when mining magnate Gina Rinehart bought a home in Aaron Ave, Hawthorne.The luxurious home at 1 Leopard Street became Brisbane’s most expensive residential property when it settled in March last year.It was also one of the 25 most expensive home sales of 2017 in Australia. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE The view from the bathtub in the apartment at 10/170 Bowen Tce, New Farm.A two-floor, “sky home” apartment in New Farm was the most expensive unit sale of the year in Queensland, fetching $6.15 million.The property at 10/170 Bowen Tce features four bedrooms and four bathrooms over two levels, with amazing views of the city from every room.Place managing director Sarah Hackett said homes of that quality rarely became available in Brisbane, but there was definitely a strong appetite for them.“There are people that have that sort of money looking to buy in Brisbane … but trying to find them a property that suits them is hard,” she said.“Those properties do exist, but the owners are mostly happy living in them!”She said she and her husband, Damian, had sold $9 million worth of property in the week before Christmas.“The end of the year was really strong and I think (2018) will start strong,” she said.One of the properties on the market with the potential to breach the $20 million barrier is the opulent house built by one of Australia’s most notorious businessmen, Christopher Skase.center_img This house at 10 Morgan St, Ascot, is tipped to sell for more than $14 million.The four-storey home had been expected to set a new record for Brisbane before 1 Leopard St sold.Other properties with the potential to fetch big dollars if they sell this year include ‘Cintra House’ at 23 Boyd St, Bowen Hills, which is one of Brisbane’s oldest and most prestigious homes, and ‘Rivergum Retreat’ at 36 Needham St, Fig Tree Pocket, which is owned by Linc Energy founder Peter Bond. This home at 2620-2622 Virginia Dr, Hope Island, fetched $16.75m in 2017.Further north, the biggest house sale of the year in Cairns was at Trinity Park for $2.5 million, while a house in Townsville’s North Ward fetched $1.825 million.TOP QLD HOME SALES OF 2017BRISBANEHouses Price Sale Date Address1. $18.48m March 2017 1 Leopard St, Kangaroo Point2. $8.8m September 2017 128 Crosby Rd, Ascot3. $8.3m February 2017 24 Palm Ave, AscotMore from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours ago4. $7.6m June 2017 26 Mayfield St, Ascot5. $7.6m June 2017 2 Castleton St, HamiltonUnits Price Sale Date Address1. $6.15m March 2017 10/170 Bowen Tce, New Farm2. $5.662m March 2017 450/1 Newstead Tce, Newstead3. $4.9m June 2017 2141/32 Refinery Pde, New Farm4. $4.3m May 2017 602/1 Gray St, New Farm5. $4m May 2017 141/1 Newstead Tce, Newstead(Source: CoreLogic)GOLD COASTHouses Price Sale Date Address1. $16.5m May 2017 2620-2622 Virginia Dr, Hope Island2. $9.5m February 2017 201-205 Monaco St, Broadbeach Waters3. $9m March 2017 75-77 Monaco St, Broadbeach Waters4. $6.95m February 2017 The Promenade, Surfers Paradise5. $6.95m June 2017 Southern Cross Dr, Surfers ParadiseUnits Price Sale Date Address1. $5.5m April 2017 Gold Coast Hwy, Broadbeach2. $3.795m March 2017 Brighton Pde, Southport3. $3.7m January 2017 The Esplanade, Surfers Paradise4. $3.5m June 2017 Enderley Ave, Surfers Paradise5. $3.38m May 2017 The Esplanade, Palm Beach(Source: CoreLogic)TOWNSVILLEHouse Price Sale Date Address1. $1.825m August 2017 Cleveland Tce, North Ward2. $1.4m May 2017 Saltwater Dr, Toomulla3. $1.25m May 2017 Landsborough St, North Ward4. $1.2m February 2017 Panorama Crt, North Ward5. $1.12m May 2017 Edinburgh Crt, Castle HillUnit Price Sale Date Address1. $1.4 October 2017 The Strand, North Ward2. $1.2m September 2017 Walker St, Townsville City3. $1.19m November 2017 Mariners Dr, Townsville City4. $1.15m April 2017 Mariners Dr, Townsville City5. $1.1m May 2017 Mariners Dr, Townsville City(Source: CoreLogic)CAIRNSHouse Price Sale Date Address1. $2.5m October 2017 Brindabella Quay, Trinity Park2. $2.15m November 2017 Apollo Quay, Trinity Park3. $2.025m October 2017 Knott Crt, Whitfield4. $1.75m February 2017 Marina Quay, Trinity Park5. $1.5m February 2017 Gaway St, CaravonicaUnit Price Sale Date Address1. $2.35m January 2017 Marlin Pde, Cairns City2. $1.25m February 2017 Grafton St, Cairns City3. $1.2m February 2017 Esplanade, Cairns North4. $1.1m March 2017 Marlin Pde, Cairns City5. $1.1m September 2017 Colonel Cummings Dr, Palm Cove(Source: CoreLogic) The opulent mansion built by Christopher Skase could break records if it sells in 2018.The nine-bedroom, nine-bathroom mansion, known as ‘Bromley’, at 36 Dickson Tce, Hamilton, was built in 1988 at a reported build cost of $35 million and was extensively renovated ten years later.A luxury residence built into the side of a hill at 10 Morgan St, Ascot, is tipped to change hands for more than $14 million — when the right buyer comes along.last_img

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